The Daily Shaarli
October 4, 2020
"[T]he crisis has reinforced his belief that political and economic institutions must be reformed to address the needs of those most harmed by it. The global health emergency has demonstrated that “no one can face life in isolation” and that the “magic theories” of market capitalism have failed."
"Iran, which has a sizeble Azeri population and shares borders with both Armenia and Azerbaijan, has denied reports it is providing Armenia with arms and military equipment and has officially called on both countries to deescalate. Nagorno-Karabakh is now the third theatre in which Moscow and Ankara are engaged in a volatile power struggle, after Syria and Libya. Turkey has facilitated the deployment of up to 16,000 Syrian mercenaries to Libya’s battlefields so far this year."
The pandemic has opened up a Pandora’s box about the future of work. The slump has caused a huge loss of jobs, hours and earnings, particularly for those who are in all sorts of service sectors, like retail, entertainment, leisure, events, food preparation etc and it is driving thousands of small businesses surviving on small margins and with large debt burdens to the wall.
"Iran, which has a sizeble Azeri population and shares borders with both Armenia and Azerbaijan, has denied reports it is providing Armenia with arms and military equipment and has officially called on both countries to deescalate. Nagorno-Karabakh is now the third theatre in which Moscow and Ankara are engaged in a volatile power struggle, after Syria and Libya. Turkey has facilitated the deployment of up to 16,000 Syrian mercenaries to Libya’s battlefields so far this year."
The current economic crisis has led to unprecedented government spending. This spending is funded by borrowing or by 'printing money' (which has an effect similar to borrowing) to support furloughed and unemployed workers to the tune of roughly $80 billion and to subsidize corporate revenue. This has been necessary to prop up basic economic activity in an attempt to delay the impact of the economic consequences of the recession. Unfortunately, neoliberal policy makers are already trying to convince us that giving public services away to private interests is the only way to pay for this debt.